REAL ESTATE
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Trumark acquires 11 acres, continued ...
"Because we will not have a Community Facility District tax, we will have a lower tax rate than other new-home developments in the area," Maples continues.
A Community Facility District (CFD) tax – or Mello Roos – allows for financing of public improvements and services, including streets, sewer systems and other basic infrastructure. A CFD is created to finance these improvements when no other source of money is available.
Trumark Homes is touted as a "new generation" homebuilding company. It targets Northern and Southern California markets, seeking distressed niches in close proximity to major job centers. The company's goal is to build high-quality homes at competitive prices, mainly by working with infill opportunities in constrained markets. The builder is the residential development arm of Danville, Calif.-based Trumark Cos.
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Trumark acquires 11 acres, continued ...
"Because we will not have a Community Facility District tax, we will have a lower tax rate than other new-home developments in the area," Maples continues.A Community Facility District (CFD) tax – or Mello Roos – allows for financing of public improvements and services, including streets, sewer systems and other basic infrastructure. A CFD is created to finance these improvements when no other source of money is available.
Trumark Homes is touted as a "new generation" homebuilding company. It targets Northern and Southern California markets, seeking distressed niches in close proximity to major job centers. The company's goal is to build high-quality homes at competitive prices, mainly by working with infill opportunities in constrained markets. The builder is the residential development arm of Danville, Calif.-based Trumark Cos.
<< PREVIOUS PAGE
Related headlines
'OC METRO Minute,' Aug. 14: William Lyon Homes sees Q2 profit
Leading brokerage firms auction O.C. properties online
First American CoreLogic launches iPhone application
CB Richard Ellis directs speedy sale of bank-owned property in Irvine
